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Updated over 9 years ago,

User Stats

20
Posts
2
Votes
Jamie Spitale
  • Savannah Area
2
Votes |
20
Posts

LTV question

Jamie Spitale
  • Savannah Area
Posted

scenario:

Let's say I find a home valued at 100k and the seller is asking 65k to purchase the property.

This 35%LTV right?

If I am correct and I find a lender who requires 25-35% LTV to fund the loan will the lender fund it with no money out of my pocket? Or do they usually want you to put in 25-35% of the actual loan?

I know lenders require different things but as a general rule is all I am asking.  This will help me to decide to jump in now or in a few months.  

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